{"product_id":"the-handbook-of-nonagency-mortgage-backed-securities-isbn-9781883249687","title":"The Handbook of Nonagency Mortgage-Backed Securities","description":"Frank Fabozzi and Chuck Ramsey update their treatise on nonagency mortgage backed securities in this third edition of The Handbook of Nonagency Mortgage Backed Securities. Focused on an important investing area that continues to grow, this book provides comprehensive coverage of all aspects of this specialized market sector, including the mortgage-related asset-backed securities market and commercial mortgage-backed securities. There is information on raw products, such as jumbo loans, alternative A mortgages, and 125 LTV mortgages, as well as structured products, analytical techniques, prepayment characteristics, and credit issues. This fast-growing segment also includes nonagency pass through, nonagency collateralized mortgage obligations, home loan equity-backed securities, and manufacture housing loan backed securities.  Contributing Authors.\u003cbr\u003e \u003cbr\u003e SECTION I: RESIDENTIAL REAL ESTATE-BACKED SECURITIES.\u003cbr\u003e \u003cbr\u003e PART A: PRODUCTS AND THEIR STRUCTURE.\u003cbr\u003e \u003cbr\u003e 1. The Nonagency Mortgage Market: Background and Overview (E. Bruskin, et al.).\u003cbr\u003e \u003cbr\u003e 2. Understanding Shifting Interest Subordination (M. Clancy and M. Constantino, III).\u003cbr\u003e \u003cbr\u003e 3. Understanding Compensating Interest (L. Goodman and T. Zimmerman).\u003cbr\u003e \u003cbr\u003e 4. RALI Alternative-A Mortgages (S. Banerjee and E. Mustafa).\u003cbr\u003e \u003cbr\u003e 5. Home Equity Loans (C. Schorin, et al.).\u003cbr\u003e \u003cbr\u003e 6. Home Equity Loan Transaction Structures (C. Schorin, et al.).\u003cbr\u003e \u003cbr\u003e 7. Home Equity Line of Credit (HELOC) Securitizations (W. Roever, et al.).\u003cbr\u003e \u003cbr\u003e 8. Securitization of 125 LTV Mortgages (H. Katz and G. Costello).\u003cbr\u003e \u003cbr\u003e 9. Manufactured Housing: Overview, Securitization, and Prepayments (S. Abrahams, et al.).\u003cbr\u003e \u003cbr\u003e 10. Securities Backed by CRA Loans (D. Westhoff and V. Srinivasan).\u003cbr\u003e \u003cbr\u003e 11. Single Family Mortgage Revenue Bonds (M. Marz and F. Fabozzi).\u003cbr\u003e \u003cbr\u003e PART B: CREDIT ANALYSIS.\u003cbr\u003e \u003cbr\u003e 12. The Default and Loss Experience of Nonagency MBS (T. Gillis).\u003cbr\u003e \u003cbr\u003e 13. The Rating Agencies' Approach (D. Bendt, et al.).\u003cbr\u003e \u003cbr\u003e 14. The Evaluation of Excess Spread in Sub-Prime Transactions (A. Figueroa).\u003cbr\u003e \u003cbr\u003e 15. A Credit Intensive Approach to Analyzing Whole Loan CMOs (E. Toy).\u003cbr\u003e \u003cbr\u003e 16. Risk-Based Pricing Nonagency Mortgages and Securities (F. Raiter).\u003cbr\u003e \u003cbr\u003e PART C: PREPAYMENT ANALYSIS AND VALUATION MODELING.\u003cbr\u003e \u003cbr\u003e 17. The Next Generation of Prepayment Models to Value Nonagency MBS (D. Westhoff and V. Srinivasan).\u003cbr\u003e \u003cbr\u003e 18. Payment Modeling and Valuation of Home Equity Loan Securities (D. Westhoff and M. Feldman).\u003cbr\u003e \u003cbr\u003e 19. Identifying Relative Value in Home Equity Loan and Manufactured Housing Securities Using OAS Analysis (A. Dickstein).\u003cbr\u003e \u003cbr\u003e 20. Home Equity Loan Prepayment Model and OAS Implications (C. Schorin, et al.).\u003cbr\u003e \u003cbr\u003e 21. A Risk-Return Framework for Evaluating Non-Investment-Grade Subordinated MBS (L. Goodman and L. Lowell).\u003cbr\u003e \u003cbr\u003e 22. Prepayments on Jumbo Loans (L. Goodman).\u003cbr\u003e \u003cbr\u003e SECTION II: COMMERCIAL MORTGAGE-BACKED SECURITIES.\u003cbr\u003e \u003cbr\u003e 23. Introduction to Commercial Mortgage-Backed Securities (B. Lancaster).\u003cbr\u003e \u003cbr\u003e 24. Understanding Prepayment in CMBS Deals (D. Cheng, et al.).\u003cbr\u003e \u003cbr\u003e 25. Credit-Driven Prepayment and Default Analysis (M. Ervolini, et al.).\u003cbr\u003e \u003cbr\u003e 26. An Empirical Framework for Estimating CMBS Defaults (D. Westhoff, et al.).\u003cbr\u003e \u003cbr\u003e 27. Valuing the Prepayment and Credit Risks of Commercial Mortgage Securities (M. Youngblood).\u003cbr\u003e \u003cbr\u003e 28. An Options Approach to Commercial Mortgages and CMBS Valuation and Risk Analysis (D. Jacob, et al.).\u003cbr\u003e \u003cbr\u003e Index.  Frank J. Fabozzi is editor of the Journal of Portfolio Management and an Adjunct Professor of Finance at Yale University's School of Management. Frank is a Chartered Financial Analyst and Certified Public Accountant. He is on the board of directors of the Guardian Life family of funds and the BlackRock complex of funds. He earned a doctorate of economics from the City University of New York in 1972 and in 1994 received an honorary doctorate of Human Letters from Nova Southeastern University. Frank is a Fellow of the International Center for Finance at Yale University.\u003cbr\u003e Chuck Ramsey is the Chairman and co-founder of Mortgage Risk Assessment Corporation. He was previously a General Partner at Bear Stearns \u0026amp; Co. where he ran the FHLMC\/FNMA trading desk and was co-head of fixed income sales. At Bear Stearns he developed the first system on Wall Street for issuer analysis of mortgage-backed securities and the first prepayment model that used geographical differences in forecasting prepayments. He is considered the innovator of specified pool trading. Mr. Ramsey is a contributor to The Handbook of Fixed Income Securities. He holds an undergraduate degree from Lamar University. Frank Fabozzi and Chuck Ramsey update their treatise on nonagency mortgage backed securities in this third edition of The Handbook of Nonagency Mortgage Backed Securities. Focused on an important investing area that continues to grow, this book provides comprehensive coverage of all aspects of this specialized market sector, including the mortgage-related asset-backed securities market and commercial mortgage-backed securities.  There is information on raw products, such as jumbo loans, alternative A mortgages, and 125 LTV mortgages, as well as structured products, analytical techniques, prepayment characteristics, and credit issues. This fast-growing segment also includes nonagency pass through, nonagency collateralized mortgage obligations, home loan equity-backed securities, and manufacture housing loan backed securities.","brand":"Wiley","offers":[{"title":"Default Title","offer_id":47990252437733,"sku":"NP9781883249687","price":105.5,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781883249687.jpg?v=1761787073","url":"https:\/\/k12savings.com\/products\/the-handbook-of-nonagency-mortgage-backed-securities-isbn-9781883249687","provider":"K12savings","version":"1.0","type":"link"}